DEFICIENCY JUDGMENT
A judgment made by a court against a debtor indicating that the sale on a foreclosed piece of property did not cover the outstanding mortgage in full. It is a lien placed on the debtor for further money. A deficiency judgment is not considered by the court unless the lender makes a motion for it to be granted. If the lender does not make the motion, then the court considers the money gained from the foreclosed property to be sufficient. A debtor who receives a deficiency judgment may seek exemption from the lender or other creditors, file a motion to have the judgment overturned or, if necessary, declare bankruptcy.
POPULAR TERMS
Accredited Advisor In Insurance - AAI
It is a designation that you will earn when you complete a course of study and when you passed a series of examinations. AAI is a level of knowledg ...
Conventional Cash Flow
Sets of inward and outward cash flows through time where there is only one change in the cash flow direction. In a project or investment, it is nor ...
Unearned Interest
Unearned Interest is the interest collected by a lending institution on a loan. However, it is still not yet counted as income or earnings, so at f ...
White Label Product
White Label Product is a product manufactured by a company and then packaged and sold by other companies under different brand names.
Qualified Appraisal
Qualified appraisal is a document created, signed and dated by an appraiser who meets the requirements by the Internal Revenue Service. It is creat ...
POPULAR ARTICLE
SEE FOREX TUTORIAL
Student Loans: Loan Repayment
Students, soon after your graduation, you need to enter the repayment phase. In other words, you have to start paying off your student loans. This ...
The Types of Stock
Now that you’ve learned the basics of stocks, what it is, and how it works, we can now learn more about them. The next thing you need to know ...
Principles of Trading: Leverage and Margin
All novice and seasoned traders need to befriend these two great tools to achieve success in trading: leverage and margin.
...
Retirement Planning: Creating a Nest Egg
Last time, we discuss the different income sources for building a retirement fund. We shall now tackle the ways to create a retirement nest egg.
Can You Afford the Renovation Cost?
Do you want to know if your current home can withstand any renovation? Consult the following professionals first for guidance.
ECONOMIC CALENDAR
| Time | Country | Indices | Period |
|---|---|---|---|
| 04:00 | Industrial production | May | |
| 04:00 | Retail Sales | May | |
| 04:00 | Fixed Asset Investment | May | |
| 04:00 | Unemployment Rate | May | |
| 04:00 | NBS Press Conference | ||
| 08:30 | Producer & Import Prices | May | |
| 09:00 | SECO Economic Forecasts | ||
| 10:00 | Gross Domestic Product | May | |
| 14:15 | Housing Starts | May |
